Extra documentation 'speeds up Hip process'

Posted: 23 Sep 2008 13:25:17 GMT


            Property News - Extra documentation 'speeds up Hip process'

An enhanced form of Home Information Packs (Hips) could massively speed up the house sale process, it has been claimed.

According to a report by provider Simply Hip, using pre-sale exchange ready packs - Hips containing additional documentation, could reduce conveyancing times from an average of 80 days to just seven.

A case study completed by the company suggested that Home Information Packs have paved the way for further improvements to be made to the home-buying process, adding that exchange-ready packs remove many of the remaining idiosyncrasies.

Responding to the report, the Association of Home Information Pack Providers (Ahipp) said that it continues to work on proposals and protocols for exchange-ready Hips.

"I am delighted that the industry, even in these turbulent market conditions, is beginning to innovate and ensure that Home Information Packs deliver the real improvements they were originally designed for," said Mike Ockenden, director-general of Ahipp.


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